SV Markets is a foreign exchange broker newly registered in 2024, mainly offering financial trading services in forex, indices, precious metals, energy, and cryptocurrencies to investors. This broker does not provide services to jurisdictions where doing so would violate local laws or regulations.
Corporate Background and Regulatory Status:
SV Markets claims to be regulated in the United States, holding regulatory licenses from the US NFA and the US MSB.
SV Markets shows high similarity in website content and design with multiple firms, including ABHKFX and DEOASIS PTY LIMITED.
According to Whois information, the official website domain of SV Markets was registered on January 2, 2024. As of the time of writing, it has been less than a month since its establishment.
Furthermore, SV Markets is also registered with the Financial Crimes Enforcement Network (FinCEN) in the United States, with the MSB number 31000262040204. However, FinCEN’s mission is to protect the financial system from illicit use, combat money laundering and related crimes (including terrorism), and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence, but it does not regulate forex trading and economic operations.
Additionally, the broker is registered with the National Futures Association (NFA) in the United States as a non-member entity, which does not subject it to NFA regulation.
How to Open an Account?
To open an account with SV Markets, first, you must click “Register” on its official website to sign up for an account. Registration requires filling in your name, personal email, phone number, verification code, and setting a login password. The broker sends a verification code via email, after which you can access the trading platform. Real-name verification is required to deposit, withdraw, and trade.
Account Types:
The official website of SV Markets does not mention information related to trading accounts. According to the frequently asked questions page on its website, the broker claims to offer floating spreads as low as 1 point, with trading leverage ranging from 1:100 to 1:500. Details about minimum deposit requirement, trading commissions, margin call level, stop-out level, and minimum trading volume are not explicitly disclosed.
Trading Platform:
SV Markets offers users a proprietary trading platform named SV MarketsTradingweb, which is available only for mobile download.
Customer Support:
Users can access customer support services from SV Markets via email.
Conclusion:
SV Markets is a forex broker with an exceedingly short registration period, having been established for less than a month. SV Markets uses a proprietary trading platform and offers limited contact methods. The official website of SV Markets shares high similarities in webpage design with the websites of brokers like ABHKFX, DEOASIS LIMITED, VLC Trade LLC, and OBV Trade MT5, suggesting that these sites might have been developed using the same template. Investors are advised to steer clear of this platform to avoid unnecessary financial losses. Currently, SV Markets is marked as "suspected of fraud" on Traderknows.
